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Serco Group PLC (SRP)

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Thursday 09 April, 2020

Serco Group PLC

Director/PDMR Shareholding

RNS Number : 4052J
Serco Group PLC
09 April 2020
 

9 April 2020

Serco Group plc

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

 

 

 

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')

 

On 6 April 2020, conditional share awards ('CSAs') granted to David Dacquino on 6 April 2017 under the 2009 Serco Performance Share Plan, vested .  In connection with the vest, Ordinary Shares were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.

 

Name of PDMR

Grant date of award

Vest date of award

Number of CSAs vesting

Number of Ordinary Shares sold to cover costs

Number of Ordinary Shares retained

David Dacquino,

Chairman and CEO Serco Americas

6 April 2017

6 April 2020

121,519

36,707

84,812

 

The price for the disposal of the Ordinary Shares was £1.2464 per Share.

 

This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

 

The notification of dealing forms for this transaction can be found below.

 

Transaction notification

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

David Dacquino

2

 

Reason for the notification

 

a)

 

Position/status

 

Chairman and CEO Serco Americas

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Serco Group plc ('the Company')

b)

 

LEI

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 2 pence each ('Ordinary Shares')

 

 

 

Identification code

ISIN: GB0007973794

 

 

b)

 

Nature of the transaction

 

 

The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 April 2017 under the Company's 2009 Performance Share Plan.

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

121,519

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

121,519

 

 

- Price

N/A

 

 

e)

 

Date of the transaction

 

6 April 2020

f)

 

Place of the transaction

N/A

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

 

Description of the financial instrument, type of instrument

Ordinary Shares of 2 pence each ('Ordinary Shares')

 

 

 

Identification code

ISIN: GB0007973794

 

 

b)

 

Nature of the transaction

 

 

The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 April 2020 under the Company's 2009 Performance Share Plan.

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£1.2464

36,707

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

36,707

 

 

- Price

£ 45,751.60

 

 

e)

 

Date of the transaction

 

6 April 2020

f)

 

Place of the transaction

London Stock Exchange (XLON)

 


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